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said moetgaga does hereby fully warcaat the title to sald land, aad every peet theraof, and ~rill defend die sqme
_ against the laraful clauns of all persoaa wi~o~osoever.
PROVIDED ALNfAYS. aad these pcesents are executed and delivered upoa the follo~wing coaditioas, to wit:
The moctgaga ag~ees to pay the mortgagee, o~ order, the prlacip~l sum of
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pollars (S ~i$Qp~Qp as avideuced by a aote of even date berowitb, witb interest from date at the
rate of ~ a37t per ceatum ( ( 9~) per anaum oa the uapaid balance
until peid: The said principal and interest shall be payable at.the office of gpq~~t~ gp,~
Co~pat~r~ pbst Oi`riae 8ax 750~ Riveraid~e 8tati~t, Mi~, ~]~o~rida 33135
a at such other place as the holdec of the aote may designate in writirtg, in moathiy instatimencs of ~Le Htltldrld ~
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the first day of QCtpb~ , 19 6~ . aad on the first day of each month ther~after until the priacipal '
aad iaterest ace fully paid. except that the fiaal peyment of principal and interest, if not sooner paid, shall be due
aad payable ca tl~e first day of Se~Pt~bers l~'l ; ~ _
And shall duly, promptly, ead fully perEorm, discharge, execute. effect. complete, and comply with a~nd abide
by eacl~ and every the stipulations. ag~eemeats. coaditioas, aad coveaaats of said pranissory aote aad of this
modgage. thea this mortgage and the estate hereby created shall cease and be aull and void.
Aad tlie mcxtgagoc furthet covenaats as follows:
1. ~That 6e will pay the iadebtedness. as hereiabefore pcovided. Privilege is ceserved to pay ti~e debt ie whole,
or in an amount equal to one or more maithly peyments oa the priacipal that are next due on tbe aote, on the first
day of any month prior to maturity: Provided, however, tLat writtea aotice of aa intentioa to exercise such privilege
is given at least thirty (30) days pria to ptepeyment; and, pcovided f~uthec. that in the`eveat the debt is paid in
full prior to maturity and at that time it is ins~red under the provisioas of the National Housiag Act. he will pey to
the mortgagee an edjusted premium charge of ane pts ceatum (I%) of the original principel amount thereof, except
that in no event shall the adjusted premium exceed the aggregate amouat of premium charges which would bave
beea payable if the moctgage had continued to be insured unt~T maturity; such payment to be applied by the mort-
gagee upon its obligatioa to the Seccetary of Housing and Urban Developmeat on account of mortpage iasutaace. (
2. That, in ocder more fully to pcotect the security of this mortgage, the mortgagor~ together witb, aad ia eddi- i
tioa to. the moat6ly payments nade~ the terms of the aote secared beieby, on the first day of each month until the f
said nde is fu11y p~id, will ~y to the moctgagee the follawiag sums:
(01 M anount snHicleat to prs:f~_ Le !!!+1der hereot with fuads to par the ne:t mortQaee insur~acc premium if tltia instrw
meat ~ndthe oote secnred hereb~ are insured. or a moathlr c1~atQe (in lien of arnort~Qe lnsaraace premlum) i[ the~ tre
6eld bp ffie Secretarp ot Housin~ and Urban Developmrnt, ~s [oUows:
(n It and so loai aa said aote .ot even date ~nd this IasLument ~re iaanred o~ are reinsured under the proHsions of tLe
National Honaln~ Act. an ama~at suEficieat to accumul~te ia the 6ands of tLe hotder one (1) mcnth prIor to iis dQe
date t6s aoaual mort~~e insnraace premimn, ie order to provlde sach Lolder witb funds to par anch ptrminm to tbe ;
Secretae~ ot HousiaQ and Urbas Developmmt p~usu~nt to fLe Nati~al Honaio~ Act. as aeended, and applicable ReQu-
l~tians the~eandsr, or
(In If wd so lon~ as said aote a[ eKn date aad this instrnmeat ~rt held b~ the Secret~rp ot HonsinQ ~nd Urban Develop-
ment, a monthi~ char~e (ie llen ot • mortQaQe iuaurance premlum) wbich sha11 be in ~n amonnt equ~1 to onrt~velfth
(1/12) of one-half ('i4j per centnm ot tl~e averager ontsW~dia~ balaace d~e o~ the aote compnted ~rithont trk
1nQ iato
account delinquencies or prepapmeata; • -
(b) A sum equ~l to tl~e gROUnd rcats. if ~nr. ne~ct doe. plus t6e premiams tbat will aen become dne ~nd p~rable on poltciet
of Gre and otber hasard iasuraace cosedng tbe mort~~~ed prope:t~~ plus t~YSS w~d assessmenta nert due on ffie mort
~aQed pcopert~ (sq as estimated by t}~e mortgaQee) less all snms ~lread~ paid therefor divided by the number ot months
to el~pae betore one moaW prior to ti~e date when suc6 ~round renb, premiums, Wces, ~nd assessmeats wriii become de-
~ ent. such sums to be held by mort~~gee in trost to p~y said 4cound reets, premiums. t~es, and speclal ~ssessmeats;
(c) All paymeats meotloaed in tbe two precedto~ subsectioas of this pani~aph ~nd ali payments to be made under tbe note
secured hcreb~ sha11 be added toQet4er and tbe ~Qgrea~te ~mount thereof s6a11 be paid by the mortQagor each month ta a
sing~e payment to be applled by tl~e mortgagees to ffie following items ia the order set farth:
(n premium charaes under tLe eontnct of inanraace wit6 the Secretu~ o[ Honaiu~ a~d Urban Devalopment, or atonthl~
c6arge (ie-lleu of mort;a~e insurance preminm~ •s the c~se m~r be; '
(In ~romd rents; wces. ~ssessmeata, tire, and other h~s~cd insnraace premiums; . .
(IIn interest on tl~e note aecured 6ercby; aad
(IV) ~mortis~tion oi the principal of said note.
Aay deficiency in the amoant af such s~egate monthly payment sball. unless made good by the ma~tgagor ~
prior to the due date of the next such peymeat, coastit~te an eveat af default under this modgage. The mortgagee
may collect a"Iate charge" not-to enceed two cents (2~) for each dollar (sl) of eac}i peyment more thaa fifteea ~
(15) days in arrears to caver the e~dre ezpease iavolved in handliag delinquent paymcats. . i
3. That if the total of tLe paymeats mede by the mortgegor under (b) of paragraph 2 preceding shall eaceed ;
the amonnt af payments actuaUy made by t}~e matgagee, foc g~ound rents. tazes and assessmeats and iusnrance ~
Qremiums, as the case may be, snc6 excess shall be credited by the matg,~gee m subsequeat payments to be
mada by t6e mo~tgegor. ff, however, the montbly payments made by tbe martgagoc undcr (b) of paragReph 2 pre- :
ceding shalt nat: be s~ficieat to peY g~autd reats, taxes and assessmenb and =nsnraace prerniums, as tbe case }
ms~y be, ~rhen tl~e same sball becane dne and poyable, t6ee the moctgagor shall paq to the moctgagee any amount ~
necessary to awke np tbe deticiency, on a befae the date when payment of sucb grwu~d rents, ta:es, assessmeats,
oc iasurance premiums shall be due. If at any time the awrtgagoc sball teader to tbe moctgagiee in eccadance with ~
the pcovisions aE t6e aote secured hereby, fnll peyment af the entire iadebtedness represented tbereby
, . the mort-
gagee shall, in compntiag tbe amonnt d such indebtedness,- credit to the Account of the matgegor ell paymeats ~
made nndec t!k pravisioas of (aJ oE paragraph 2 hereof w6ic6 the moctgagee hs~s not becowe oblig,oted to pay to i
the Seccetary af Housiug and Ueban Devtlopment sad any balance remaiaing in t6e funds accumulated ueder tbe f
provisiais d(bJ ef said poragraph 2. if thece shali be e defanlt uader any of tlie provjsios~s oE this mactgage. re- ~
sultiag in a pnblic saie of the premises covered he~eby, a if tbe matgag~ee acquires the propeety athe~rise after ~
default, tbe a~octgagee shnll apply, et t6e time af the commeacea~at of snch praxediag~s a at the time the prop-
edy is otbetwi~e acqaired, the balanee t6en cemainia~ ia tht funds accumulated nnder. (b) of Po~S~Pb 2 preceding
as e cre.dit ag,oinst the amount oE principel then remauuag mpaid ~nder said note aad shall properlyadjust aay
payments w6ich siwll lwve been made undcr (a) ef said perag~aph.
4. Tbst he wiU pay e12 tozes, assessments, water rates, and otber goveramental a muaicipel cbarges, fines,
or impositioos, for wbicb pravisian bes aot been mede bereiabefae, and in default thereaf tbe mortgagee may pay
tbe sane; and that he will pcomptly deliver the official receipts therefor to the matgagee.
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